let's go to eric hippo and the former ceo of media internet company.ou're a long-time silicon valley member and you've negotiated many a deals of tech acquisitions and taking into act the deadline will this deal go through and for the original price. >> hi, limit it's all about the financing and about $13 million in debt has been prenegotiated and will they hold on and trying to renegotiate and it's a very good way to negotiate and my view is -- liz: all right, do you think it'll close on that price? >> the report is he's already tried to get a discount and giving them off the huge liz: does he blow out the board when it's all said and done? >> well, the company is going to go private so the board will become irrelevant, maybe he'll keep one or two people, i'm not sure. not sure they'll have a board. it'll be the musk show and not made in public. liz: talk about elon musk show and what he could build out of the twitter he eventually -- if it does come to pass by. people have said it could look like something similar to a we chat or super app if you wil

the ceo of fifth third bank as existing home sales fall to a ten-year low >>> venture capitalist eric hippo on the recent strength in tech, and where he's looking to put money to work what these down rounds signal let's get straight to the up-and-down day. mike santoli standing by as always, you focused on technology just joining energy and technologies we basically have a constant struggle, at least the last several days of the market trying to make use of decent earnings, as well as just some built-up negative sentiment. bond yields making new highs that's what happened along with hawkish fed-speak. we had a 1% gain, went to about a 1% loss. it stayed one the range we traded in, so it's not necessarily carving out new ground, but the market hand improved all that much, which is running 3500 we still have a cushion, but it's not a particularly thick one. the leading economic indicators from the conference board, take a look at this chart going back more than 20 years it's called leading economy, because it really does work to indicate what is to come or several months more. here you see th

joining us is eric hippo and light shed partner, brandon ross eric, you think zuckerberg's making a big mistake here? >> i do. >> why >> i think his view of the metaverse is not espoused by the majority of people in technology it's a journey we don't know what the outcome's going to be the killer application for metaverse today exists on platforms like roblox. so what application is he proposing to us? that we live our lives in this kind of immersive, you know, world that doesn't exist, but what are we going to do in that world? he's not explaining that so i think he's way ahead of his time and if he was spending a tenth of what he's spending, you might say, okay, good bet. he's betting something relatively small, but the bet that he's making, about $10 billion in year and another $10 billion next year and who knows how much later, is completely out of sync with the reality of the metaverse. >> brandon, do you disagree? are you buying it? >> no, i actually agree very much with what eric said i mean, there's two components to this cost increase. on the one side, it's the costs are going